The paper “ Business Culture and Management Style in Latin America and East” is an impressive example of a business assignment. Management styles business and cultures differ from one country to another. This greatly influences the outcome of the business. Multinationals are usually faced with a lot of difficulties when operating in some regions due to cultural differences. The issue of cultural differences and management styles is thus very sensitive in the current business world. This is because most companies are always on the search for new markets for their products in different countries.
In some cases, the companies are forced to learn the cultures and management styles of the local people. Failure to do this may lead to conflicts when interacting or dealing with the local people (Prince, 2008). This may end up affecting the operations of the company and hence leading to losses. It is also important for the companies to ensure that the organizational behavior puts into consideration the cultural issues. This is aimed at ensuring that the employees from different cultural backgrounds work together. It is essential for the business organization to understand the cultures of the people before setting up a business in different regions.
The paper, therefore, compares and contrasts the business culture and management style between East Europe and Latin America. Management StylesDifferencesBusiness cultures play an important role in determining the management style of an organization. It influences how the decisions are made and how they are implemented by the management. In East Europe, the management style tends to be more directive and centralized. The subordinates are normally not consulted during the decision-making. The top managers are highly respected and considered the big boss.
Once the top manager has made a decision, it is the responsibility of the subordinates to follow the orders. However, in Latin America, the situation is different, the managers are supposed to build a good relationship with the subordinates. This is because the Latin American people are friendly and would always want to maintain a good relationship. Trust is very important in the management in Latin America.
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